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A new report released Tuesday by the Canadian Association of Accredited Mortgage Professionals says 17 per cent of first-time homebuyers in the country as using family gifts or loans for down payments. It’s a higher number than in previous years. The report also said first-time homebuyers on average make a 21 per cent down payment […]

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A new report released Tuesday by the Canadian Association of Accredited Mortgage Professionals says 17 per cent of first-time homebuyers in the country as using family gifts or loans for down payments. It’s a higher number than in previous years. The report also said first-time homebuyers on average make a 21 per cent down payment […]

University of Calgary officials continue to mull over a proposal to hike rent up to 8.5 per cent for on-campus dorms and introduce a $100 premium for top floor suites after a closed-door meeting Thursday. The university is considering charging students the premium for suites on the top two floors of the Aurora Hall and Crowsnest Hall residence towers, both scheduled to open next fall.

CALGARY - Calgary’s booming resale housing market showed no signs of slowing down in October as MLS sales reached their second highest level ever for the month while prices continued to gain year-over-year. According to the Calgary Real Estate Board, total MLS sales in the city during the month increased by 10.22 per cent from last year to 2,147. The median price was up by 5.33 per cent to $430,550 while the average sale price rose by 6.50 per cent to $488,474.

CALGARY - Ever wonder what’s important for potential homebuyers when they’re making a decision to purchase? The recent Century 21 Canadian Home Critics Survey has some interesting results when it comes to Albertans.

CALGARY - A new $39-million residential condo project is expected to begin construction in a few weeks in Canmore, which will be the first major development of its type in the mountain resort area in about five years. The development, Creekstone Mountain Lodge, will be the fourth building in the area for developer Spring Creek.

Sales in Canada's resale housing market are approaching pre-recession highs seen in 2007, while rising prices in Calgary continue to outpace the nation - prompting an economist to warn the country's hottest markets may be susceptible to a "shock."

CALGARY - The appetite for luxury homes in Calgary continues to be very strong as another MLS sales record was established in August. According to the Calgary Real Estate Board, there were 69 properties that sold for $1-million or more during the month, eclipsing the previous monthly high of 64 set last year.